Windstream receives regulatory approvals for EarthLink merger, announces fourth-quarter, full-year 2016 earnings call
February 14 2017 - 9:00AM
Windstream Holdings, Inc. (NASDAQ:WIN) announced today that it has
received all state and federal regulatory approvals required for
its merger with EarthLink Holdings Corp. (NASDAQ:ELNK). Windstream
and EarthLink will each hold special meetings of their respective
stockholders on Feb. 24 in connection with the merger, which is
expected to close in the first quarter of 2017, subject to
customary closing conditions.
Windstream also announced that it will hold a conference call at
7:30 a.m. CST on March 1 to review the company's fourth-quarter and
full-year 2016 earnings results.
To access the call:
Interested parties can access the call by dialing
1-877-374-3977, conference ID 68435009.
To access the call replay:
A replay of the call will be available beginning at 10:30 a.m.
CST on March 1 and ending at 10:30 a.m. CST on March 8. The replay
can be accessed by dialing 1-855-859-2056, conference ID
68435009.
Webcast information:
The conference call also will be streamed live over the
company's website at www.windstream.com/investors. Financial,
statistical and other information related to the call will be
posted on the site. A replay of the webcast will be available on
the website beginning at 10:30 a.m. CST on March 1 and ending at
10:30 a.m. CST on March 8.
About Windstream
Windstream Holdings, Inc. (NASDAQ:WIN), a FORTUNE 500 company,
is a leading provider of advanced network communications and
technology solutions for consumers, small businesses, enterprise
organizations and carrier partners across the U.S. Windstream
offers bundled services, including broadband, security solutions,
voice and digital TV to consumers. The company also provides data,
cloud solutions, unified communications and managed services to
business and enterprise clients. The company supplies core
transport solutions on a local and long-haul fiber-optic network
spanning approximately 125,000 miles. Additional information is
available at windstream.com. Please visit our newsroom at
news.windstream.com or follow us on Twitter at @Windstream.
Cautionary Statement Regarding Forward-Looking
Statements
This filing contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are typically identified by
words or phrases such as “will,” “anticipate,” “estimate,”
“expect,” “project,” “intend,” “plan,” “believe,” “target,”
“forecast,” and other words and terms of similar meaning.
These forward-looking statements involve a number of risks and
uncertainties. Windstream cautions readers that any
forward-looking statement is not a guarantee of future performance
and that actual results could differ materially from those
contained in the forward-looking statement. Such
forward-looking statements include, but are not limited to,
statements about the benefits of the proposed merger involving
Windstream and EarthLink, including future financial and operating
results, Windstream’s and EarthLink’s plans, objectives,
expectations and intentions, the expected timing of completion of
the transaction, and other statements that are not historical
facts. Important factors that could cause actual results to
differ materially from those indicated by such forward-looking
statements are set forth in Windstream’s filings with the
Securities and Exchange Commission. These include risks and
uncertainties relating to: the ability to obtain the requisite
Windstream and EarthLink shareholder approvals; the risk that
Windstream or EarthLink may be unable to obtain governmental and
regulatory approvals required for the merger, or required
governmental and regulatory approvals may delay the merger or
result in the imposition of conditions that could cause the parties
to abandon the merger; the risk that a condition to closing of the
merger may not be satisfied; the timing to consummate the proposed
merger; the risk that the businesses will not be integrated
successfully; the risk that the cost savings and any other
synergies from the transaction may not be fully realized or may
take longer to realize than expected; disruption from the
transaction making it more difficult to maintain relationships with
customers, employees or suppliers; the diversion of management time
on merger-related issues; general worldwide economic conditions and
related uncertainties; and the effect of changes in governmental
regulations. Windstream undertakes no obligation to publicly
update any forward-looking statement, whether as a result of new
information, future events or otherwise.
Additional Information and Where to Find It
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval. In connection with the proposed merger
between Windstream and EarthLink, on December 8, 2016 Windstream
filed with the SEC a registration statement on Form S-4 that
includes a preliminary joint proxy statement of Windstream and
EarthLink and that also constitutes a preliminary prospectus of
Windstream. The S-4, as amended, was declared effective by
the SEC on January 17, 2017 and the definitive joint proxy
statement/prospectus was first mailed to stockholders of Windstream
and EarthLink on or about January 25, 2017.
Windstream and EarthLink urge investors and shareholders to
read the registration statement, and any other relevant documents
filed with the SEC, including the preliminary joint proxy
statement/prospectus that is a part of the registration statement,
and the definitive joint proxy statement/prospectus, because they
contain or will contain important information. You
may obtain copies of all documents filed with the SEC regarding
this transaction, free of charge, at the SEC’s website
(www.sec.gov). You may also obtain these documents, free of
charge, from Windstream’s website
(www.windstream.com/investors). You may also obtain these
documents, free of charge, from EarthLink’s website
(www.earthlink.com) under the tab “Investor Relations.”
Participants in the Merger Solicitation
Windstream, EarthLink and their respective directors, executive
officers and certain other members of management and employees may
be soliciting proxies from Windstream and EarthLink shareholders in
favor of the merger and related matters. Information
regarding the persons who may, under the rules of the SEC, be
deemed participants in the solicitation of the companies’
shareholders in connection with the proposed merger are set forth
in the definitive joint proxy statement/prospectus, dated January
23, 2017. You can find information about Windstream’s executive
officers and directors in its definitive proxy statement filed with
the SEC on April 1, 2016. You can find information about
EarthLink’s executive officers and directors in its definitive
proxy statement filed with the SEC on March 15, 2016. You can
obtain free copies of these documents from the companies using the
website information above.
Media Contact:
David Avery, 501-748-5876
david.avery@windstream.com
Investor Contact:
Christie Grumbos, 501-748-3666
christie.grumbos@windstream.com
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